16.) Suppose you open an IRA with 1 point your first contribution from your previous account...
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16.) Suppose you open an IRA with 1 point your first contribution from your previous account (minus the company contribution) as your opening balance. The account has an interest rate of 6%, compounded monthly. Assuming you retire at 65, and assuming you contribute the same amount each month, how much will you have in your account when you retire? Your answer 16.) Suppose you open an IRA with 1 point your first contribution from your previous account (minus the company contribution) as your opening balance. The account has an interest rate of 6%, compounded monthly. Assuming you retire at 65, and assuming you contribute the same amount each month, how much will you have in your account when you retire? Your answer
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